Wanting to start now!!

[Jerry Skeens]

I'm curretlnly a senior in school. Graduate December of 2013, start MBA in january. Real Estate investing has been an obsession of mine for about 2 years now. I'm finally ready to start. i have read up on the beginners guide, blogs etc. However i do not have a mentor. I just Want to BUY AND get my first property out of the way. HOW?

[Sam W.]

Jerry Skeens

Buying a foreclosed multi-family can be a very good way to buy a property for a price that will generate acceptable cash-flow. In my experience, any back-and-forth with the bank/fannie mae is more off-set by the discount I was able to achieve in the price of the property.

That said, I'd recommend that you do a good study of your rental market there in Harrogate. With a population of ~4,500, is there enough demand for rental units to justify getting into that business there? Is there enough demand for student housing to make it worthwhile?